Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by Par77

To examine the files of inflation, debt and foreign investment Baghdad / justice.
He met with Vice-President Dr. Adel Abdel Mahdi, Governor of the Central Bank, Dr. Sinan Shabibi

During the meeting, discussion of many of the files of the most important inflation in the Iraqi economy. File debt and foreign investment law which will be presented to the parliament for approval and the governor stressed that the causes of inflation for phenomenon cash basis, but the financial situation in general terms that there is pressure to spend the security aspect and the service with little in the supply of goods to result in inflation. What is needed is coordination between fiscal policy and monetary policy. (And the Investment Law (We expect him many positive benefits in addition to that one base flows of the economy. The investment flow is not financially, but the country's administrative and Tknlujia addition complement domestic investment in order to increase GDP. As for the possibility of raising the value of the Iraqi dinar. The rise in the value of the dinar will rise by relying on the country could provide a quantity of foreign currency through increased exports, the volume of exports and reduce debt outcome is the economy, which raises the value of the dinar.

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i want this entire thing for my signature!!!!

http://www.isx-data.com/info/faq/#isx_active

Baghdad Time: 07:46am, 01/08/2007 ~ market is open | $1 USD = 1324.00 IQD ^

Originally Posted by shotgunsusie

umm, doesnt that 140 have to do with money???

It has to do with a referendum on the governance of the city of Kirkuk and outlying teritories. I think if it would pass it would give complete control to the Kurds which they have been pushing for.

Originally Posted by Mike5200

It has to do with a referendum on the governance of the city of Kirkuk and outlying teritories. I think if it would pass it would give complete control to the Kurds which they have been pushing for.

ok thanks. well, if the kurds get control over kirkuk you can bet your butt they are going to manage those oil fields for the best of iraq.

If the cbi holds any auctions today,What time can we expect to see it?

sarah

Originally Posted by CharmedPiper

ISX-Data.com / Frequently Asked Questions

Baghdad Time: 07:46am, 01/08/2007 ~ market is open | $1 USD = 1324.00 IQD ^

Thanks charmedpiper, i've been checking this site and haven't caught them open
BUT THE ODD THING IS ACCORDING TO NEWS THEIR NOT SUPPOSED TO BE OPEN NOW ????????????????????
JUST SOMETHING ELSE TO ADD TO OUR LIST OF ODD THINGS FOR TODAY!!!!!

Originally Posted by snottynose

If the cbi holds any auctions today,What time can we expect to see it?

sarah

auction posted anywhere between 10:30am and 11:30pm baghdad time. (it has been that early and that late but the most common time is about 11:50am baghdad.)

Originally Posted by Mike5200

It has to do with a referendum on the governance of the city of Kirkuk and outlying teritories. I think if it would pass it would give complete control to the Kurds which they have been pushing for.

A New Beginning for Kirkuk?
In April 2003, coalition forces and the Iraqi Kurdish peshmerga liberated Kirkuk from Baathist control. Many victims of Saddam's ethnic cleansing campaign sought to return to the region, only to be prevented by U.S. authorities. Many remain in tent-city limbo. Article 58 of the March 8, 2004 Transitional Administrative Law[13] sought to settle disputes in Kirkuk by means of an Iraqi Property Claims Commission and "other relevant bodies." In practice, however, successive Iraqi governments have done little, creating suspicion among many Iraqi Kurds as to the central government's intentions. The uncertainty over Kirkuk's status has impeded local development and sidelined the issue of refugee resettlement.

Article 140 of the new Iraqi constitution has adopted Article 58 of the Transitional Administrative Law, which necessitates the normalization of the situation in Kirkuk by which the legislature meant the assistance of the return of internally displaced people and their reclamation of seized property. Arabs installed in the region should be helped to return to southern and central Iraq, should they so desire. The four subdistricts of Kifri, Chemchemal, Kalar, and Tuz-Khurmatu annexed to neighboring governorates by the regime in 1976 should be returned to the governorate of Kirkuk. Article 140 also states that a local census must be organized and a referendum held to decide the future of the province. The set deadline for the implementation of this article is December 2007. However, if Iraqi prime minister Nouri al-Maliki does not implement the article within the allocated time, ethnic and sectarian unrest could explode in Kirkuk, the effects rippling throughout Iraq.

Full Article, Middle East Quarterly Winter 2007

Who Owns Kirkuk? The Kurdish Case - Middle East Quarterly

Thanks,

Tazman613

Iraq Development Program - 41 billion dollars, the volume of Iraq budget for 2007


Regarding the amendments to the salaries of governmental employees at the beginning of next year, Azzubaidi announced: "400 million dollars have been allocated to make the necessary adjustments to the salaries of the employees."

Azzubaidi pointed out that 2007budget "will be set at the rate of 1260 dinar to the dollar and 50 dollars per barrel of oil with the production of 1.7 million barrels a day".

He explained that the Iraqi Central Bank "started raising interest rates from 12 to 16% now", pointing out that there are no immediate plans to continue raising interest rates.

He explained that the aim of raising interest rates is "to strengthen the Iraqi dinar, and curb the inflation of 56% now, as well as strengthening the confidence of Iraqis in the local currency".


Obviously raising the interest rates have NOT curbed inflation. They know it and we know it. Surely they are not going to keep the dinar pegged at 1260.... Their inflation will spiral out of control........

Originally Posted by snottynose

If the cbi holds any auctions today,What time can we expect to see it?

sarah

This morning I was surprised to see the posting earlier than usual. It usually updates at 3:00am mountain time, but this morning it was around 2:30 ( but then disappeared quite quickly after that)